Registered Products Regulations

Marginal note:Exception

• 3 (1) An institution is not required to provide the information referred to in subsection 385.131(1) of the Cooperative Credit Associations Act or subsection 434.1(1) of the Trust and Loan Companies Act if

  • (a) the account to be opened, or the product or service in respect of which an agreement is to be entered into, will form part of a customer’s existing registered product; and

  • (b) the customer has been previously advised in writing of all charges in respect of the registered product.

• Marginal note:Trust and loan companies

  (2) A company, as defined in section 2 of the Trust and Loan Companies Act, is not required to provide the information referred to in subsection 434.1(1) of that Act or section 4 if

  • (a) the account to be opened is being opened by the company solely for the purpose of acting as trustee in respect of the registered product; or

  • (b) the agreement to be entered into is an agreement that the company is entering into solely for the purpose of acting as trustee in respect of the registered product.